Exelon Affirms 2026 EPS Guidance, Boosts Capital Plan to $41.7B
EXC is trading near its 52-week low of $41.705 (9.5% above the low).
Summary
Exelon reported Q1 2026 earnings, affirming its full-year adjusted EPS guidance and long-term growth targets, while increasing its four-year capital expenditure plan to $41.7 billion.
Key Events · Earnings and Guidance · EXC
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Q1 2026 Earnings Report
Reported GAAP net income of $0.90 per share and adjusted operating earnings of $0.91 per share for the first quarter of 2026.
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Full-Year Guidance Affirmed
Reaffirmed full-year 2026 adjusted operating earnings guidance range of $2.81-$2.91 per share.
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Long-Term Growth Targets
Affirmed operating EPS compounded annual growth near the top end of 5-7% from 2025 to 2029.
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Increased Capital Plan
Revised the four-year capital expenditure plan (2026-2029) to $41.7 billion, expected to result in 7.9% rate base growth.
Analysis · EXC · Energy & Transportation
Exelon's Q1 2026 results show stable performance, with GAAP earnings flat year-over-year and adjusted operating earnings slightly down. The key takeaway for investors is the affirmation of the full-year 2026 adjusted EPS guidance and the long-term operating EPS growth target near the top end of 5-7% through 2029. The company also increased its four-year capital plan to $41.7 billion, which is expected to drive 7.9% rate base growth, signaling continued investment in its utility infrastructure. Progress on debt and equity financing for these investments further supports the company's financial stability and growth trajectory.
At the time of this filing, EXC was trading at $45.66 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $47.2B. The 52-week trading range was $41.71 to $50.65. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.